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National City (NCC)National City (NCC)
mskern77 said: "What do you guys think about this stock. I have been looking for a stock to add to my investment portfolio that is in the financial sector. I have been using msn money as my stock screener and this stock seems to hold up well against the criteria I have used.
Do any of you follow the investment style of "the dogs of the Dow" or the highest paying dividend companies in the S&P? Also, as an aside, I came across a company (PCU) Company that mines Copper in Peru that pays a 10.5% dividend ($5.21). I assume this company is very speculative,I believe they are trying to appeal to new investors with the large dividend which would offset some of the speculative risk. They have moved up from the mid-30s up to $50. What are your guys thoughts? Either way, you have to admit it is an apealing diviend."
HappyHarry said: "I've had an account with them for years. They aren't are a real fast growing company."
StockFreak said: "They resolved some issues with credit early in the year and where able to have a great Q (based on analyst est.). Seems like its a solid investment (3.9% yield), however like Harry mentioned you may have missed the larger part of the incline already because of saturation and /or ability to expand efficiently ([URL=http://finance.yahoo.com/q/cf?s=NCC&annual]NCC annual [/URL])"
mskern77 said: "What banking institutions would you recomend to get into that are building a strong foundation. That are poised to make some movement. This is a cautious pick (potentially more risky), but Cramer thru out a banking giant in Columbia (CIB), that looks like it may have some potential.
Thoughts?"
StockFreak said: "I wish i could give you a good pick but the intrest rate enviroment makes it a little imprudent."
HappyHarry said: "Banking is such a diverse industry nowadays.
It seems to me that local or regional banks are more profitable than the multi-nationals overall, and also have smaller floats and therefore greater chance for fast appreciation of the stock price."
StockFreak said: "I disagree Harry, the only thing holding up the financials is the yield at this point. PNC,BAC,WFC,WB,C all weaker than the estimates but the stocks didnt go down, or just marginally. Is it only a matter of time? I believe so :eek:"